VML 0.00% 0.2¢ vital metals limited

Ann: Vital Strengthens Board with Appointment of Two Directors, page-45

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  1. 62 Posts.
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    "The US Democrat's inflation reduction act (plus energy security / CC investments) has some pretty interesting stipulations on it's $7,500 EV credit scheme. Starting in 2023 to get the full rebate:

    • 40% of the battery's critical minerals need to have come from the US (or countries with a free trade agreement)

    • 50% of battery components need to be manufactured in the US (or countries with a free trade agreement)

    This ratchets up 10% every year until 2027 for critical minerals at 70% of total, and 100% for battery components in 2028."
 
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